Category: Ethics
-
Wed Jan 7 2015 The CFO of an INdiana township embezzled hundreds of thousands of dollars. It was another example where the guy who received teh money could also write the checks, whoops! This is from the Internal Auditor websitel. It is another example of the benefits of being a student member.
-
Wed January 7 2015 Bob McConnell received a two year prison sentence for accepting a bribe of $177,000. His wife also faces sentencing. I will grant you $175 K is not pocket change but if you are risking your career, one would think that would require enough money to simply disappear and never work again.…
-
Tuesday Dec 23, 2014 BRIBERY PLEA Switching gears, energy companies world-wide are sure to be examining the fallout from the decision by French engineering giant Alstom SA to plead guilty and pay $772 million to resolve criminal charges that it paid tens of millions of dollars in a “widespread” bribery scheme to win electric power contracts around…
-
Monday Dec 22, 2014 I now know where I went wrong. A few years ago robbers entered a bank in a small town. One of them shouted: "Don't move! The money belongs to the bank. Your lives belong to you.” Immediately all the people in the bank laid on the floor quietly and without panic.…
-
Thursday Dec 18, 2014 Michael Dennehy embezzled $1.7 million form Bexar Waste from 2008 to 2014. As an accounts payable clerk he wrote himnself checks and deposited them to personal accounts. A stamp forged the proper signature and names were changed for payeesin Quick Books. Bexar Waste is garbage collection service based in Schertz. In my…
-
Weekend Nov 23 2014 Rear Admiral Timothy Giardina the number 2 commander of US nuclear forces was fired from the job. A 1979 Naval Academy Graduate had his DNA on the underside of an adhesive sticker used to alter genuine $1 poker chips to look like $500 chips. He was caught using the chips in June…
-
Thursday Nov 20 2014 Meanwhile just up th eroad so to speak, Mexico;s First Lady is living in a house owned by a promient government contractor. Angelica Rivera is a former soap opera star. She is buying the house from a contractor who won several contracts while her husband Pena Nieto was Governor of Mexico.…
-
Thursday Nov 20 2014 Petrobas Executives have been arrested on bribery and price fixing charges. THis is similar to the Jack Lew post previously. Prosecutors allege that Petrobras executives who were political appointees took kickbacks from the company's suppliers and contractors. The employees then passed part of that money along to political parties, prosecutors said.…
-
Nov 20 2014 For decades, Washington DC has had a revolving door relationship with power players such as banks, law firms, and defense contractors. Jack Lew was working for Citibank. HIs contract actually contained a bonus guarantee if he left the bank for a high level government job. We are studying compensation contracts including options…
-
Thursday Nov 20 2014 A 400 page report from a Senate Panel suggests the following In a report on Goldman Sachs Group Inc., Morgan Stanley (MS:US) and JPMorgan Chase & Co., a Senate panel said the firms have eroded the line separating banking from commercial activities to the detriment of consumers and the financial system.…
